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Baxter, Covidien, Gilead: Examining the Strongest Names in the Strongest Sector

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Currently the health care sector as a whole is rated a strong buy and is not overbought.

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INYANVILLE ORIGINAL ChartLabPro.com is taking a look at the strongest sector right now: health care. Currently the sector as a whole is rated a Strong Buy (5) and is not overbought.



Below we have the largest components in the Financial Select Sector SPDR ETF (NYSEARCA:XLV). Only one name, Gilead Sciences (NASDAQ:GILD), is in our strongest health care ratings. Merck (NYSE:MRK) and Eli Lilly (NYSE:LLY) were recently on the list as well. ETFs are great utilities to spread out your risk and gain exposure to a sector, but if you are looking for outperformance, ETFs are not the best place to invest. The only two names in the XLV that are not Strong Buys are UnitedHealth Group (NYSE:UNH) (which we have rated as a Buy) and Bristol Myers Squibb (NYSE:BMY) (which is rated a Hold).



ChartLabPro.com has identified the five strongest health care names: Baxter International (NYSE:BAX), Covidien (NYSE:COV), PerkinElmer (NYSE:PKI), Thermo Fisher Scientific (NYSE:TMO) and Gilead Sciences. We recently removed Merck and Eli Lilly from the list of the top five strongest. Let's take a closer look at Merck, Baxter, Gilead, Covidien, and Eli Lilly.


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No positions in stocks mentioned.
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